Kennerley David John Christopher 4
4 · KROGER CO · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Kroger CFO David Kennerley Receives Awards, Sells Shares for Taxes
What Happened
David John Christopher Kennerley, Executive Vice President & Chief Financial Officer of Kroger Co. (KR), was granted a mix of stock awards and option-based awards on March 12, 2026 totaling 52,791 shares (3,177 + 15,209 awarded shares and 34,405 derivative option-type awards). To satisfy tax withholding related to these awards, Kennerley disposed of 1,429 shares on March 12, 2026 at $74.96 ($107,118) and 7,743 shares on March 13, 2026 at $75.60 ($585,371) — total proceeds ≈ $692,489. The awards themselves show $0 acquisition price (awards/grants).
Key Details
- Transaction dates/prices: awards dated 2026-03-12; tax-withholding share dispositions on 2026-03-12 (1,429 @ $74.96) and 2026-03-13 (7,743 @ $75.60).
- Shares involved: 52,791 shares awarded (3,177 + 15,209 + 34,405 (derivative)); 9,172 shares disposed to cover tax liability.
- Shares owned after transaction: not specified in the Form 4 filing.
- Footnotes: awards granted under Kroger’s long-term incentive plan (F1); certain shares are restricted stock with restrictions lapsing 33% annually over three years (F3); options/derivative awards vest 33% annually over three years (F5); disposals were for tax withholding (F2, F4).
- Filing timeliness: Form 4 filed 2026-03-16; filing covers transactions of 3/12 and 3/13 and appears timely under the Form 4 reporting rules.
Context
These transactions are primarily awards from Kroger’s long-term incentive program plus routine share disposals to meet tax withholding obligations (code F). The derivative/option grants vest over time (not exercised for cash here), and the sell-to-cover shares are a common administrative step that does not necessarily indicate a change in insider sentiment.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-12+3,177→ 59,701.531 total - Tax Payment
Common Stock
[F2]2026-03-12$74.96/sh−1,429$107,118→ 58,272.531 total - Award
Common Stock
[F3]2026-03-12+15,209→ 73,481.531 total - Tax Payment
Common Stock
[F4]2026-03-13$75.60/sh−7,743$585,371→ 65,738.531 total - Award
Non-Qualified Stock Option
[F5]2026-03-12+34,405→ 34,405 totalExercise: $74.96Exp: 2036-03-12→ Common Stock (34,405 underlying)
Footnotes (5)
- [F1]Shares awarded pursuant to a long-term incentive plan of The Kroger Co.
- [F2]Payment of tax liability associated with share award.
- [F3]Restricted stock awarded pursuant to a long-term incentive plan of The Kroger Co. The restrictions on these shares lapse in equal annual installments over a three-year period, at the rate of 33% per year commencing one year from the date of the award.
- [F4]Payment of tax liability associated with restricted stock.
- [F5]These options were granted under a long-term incentive plan of The Kroger Co. and vest in equal annual installments over a three-year period at the rate of 33% per year commencing one year after the date of the grant.